Russia region governor urges co-operation between firms

Enterprises from Russia’s Sverdlovsk Region wanted to boost co-operation with Vietnamese firms in the energy, engineering and metallurgy, agriculture, mining, and banking sectors, said the region’s Governor Alexander Misharin.

At a business conference held yesterday, the governor said his first trip to Viet Nam, accompanied by over 20 enterprises, would start a new chapter for the relationship between the two business communities. He also called on Vietnamese companies to participate in the second International Ural Exhibition and Forum of Industry and Innovation “INNOPROM – 2011″, slated to take place from July 14-16 in the region’s Yekaterinburg City.

The events, which would showcase the latest technologies and developments in the Russian industry, would be a good chance for the firms to share co-operation opportunities, he said.

Viet Nam’s increasing efforts to improve its business and investment climate and its deeper penetration into the global market would create more opportunities for Russian companies, said Deputy Minister of Industry and Trade Le Danh Vinh. Meanwhile, the attention from the two Governments and relevant ministries had also laid a firm foundation for businesses to increase co-ordination, especially in the trade and investment sectors, Vinh said.

Viet Nam Chamber of Commerce and Industry Vice Chairman Hoang Van Dung emphasised the importance of fostering the exchange of trade information and policies on trade and investment.

Dung said it was necessary to participate in business conferences, trade fairs and exhibitions to better understand their counterpart’s capabilities.

Two contracts worth US$1.5 million were inked between NPK Okpur, a filtering materials manufacturer, and a Vietnamese counterpart at yesterday’s event.

In addition, the Viet Nam – Russia Joint Venture Bank signed a memorandum of understanding to co-operate with the UralTransBank of Yekaterinburg.

Bilateral trade ties have developed significantly from $300-400 million in the mid-1990s to $2.4 billion in 2010. — VNS

Tags: Vietnam Russia cooperation